Force India are hoping Nico Hulkenberg's triumph at the Le Mans 24 Hours race will have a knock-on effect for them at next weekend's Austrian Formula One Grand Prix.
On June 30, the department had rejected the sole bid of Rs 1.09 crore offered by the United Arab Emirates-based aviation support firm Alna Aero Distributional Finance Holdings, against a reserve price of Rs 152 crore
Though the UB Group chairman didn't name anybody, some of these associates could be the owners of Balaji Distilleries, whose breweries and distilleries were acquired by UB Group companies -- United Spirits and United Breweries -- during the last financial year.
He has shifted to Los Angeles and registered himself as Sid with the Screen Actors Guild.
The Force India owner thinks Karun Chandhok has some way to go before he can find a place in the F1 cockpit.
Battling financial crisis, Kingfisher Airlines Chairman Vijay Mallya on Tuesday said he has not asked for a bailout from the government but wants the lenders to help with Rs 700-800 crore (Rs 7-8 billion) working capital as short-term need and interest concessions.
In a conversation with Business Standard after an eventful annual general meeting of Kingfisher, he clears the air on many aspects.
Sahara Force India team principal Vijay Mallya was a satisfied man after his team achieved the target of registering points in the inaugural Indian Grand Prix with Adrian Sutil managing to bring home the car inside the top 10 bracket, in Greater Noida, on Sunday.
'Somehow, I don't see the Modi government shutting down Air India.' 'So, Mallya may prove to be luckier than the government; at least his financial clock has stopped ticking,' says T N Ninan.
'Great to catch up with my good friend Christopher Henry Gayle, the Universe Boss.'
"Vijay wanted to know if I was going to bid and I said I would," Chatwal said. "As I chatted with him it was clear to me that he too wanted to donate the items to the Navjivan Trust. I then decided I would not bid.
Low-cost carrier Kingfisher Red will shut down in four months with the airline group chief Vijay Mallya on Wednesday saying several measures have been initiated to face financial problems caused by high interest burden and burgeoning fuel costs.
The VJM02 will remain the same blindingly fast car, with or without Giancarlo Fisichella, and Adrian Sutil is good enough to score points in the remaining five races of the 2009 season, said Force India chairman Vijay Mallya.
Liquor baron Vijay Mallya has bought most of the items related to former Mysore ruler Tipu Sultan which went under the hammer for over 1 million pounds with Sotheby's auctioneers in London.
Acquires 50 per cent stake for $36 million in United National Breweries.
In fresh trouble for liquor baron Vijay Mallya, United Bank of India has identified United Breweries Holdings, the guarantor of grounded airline Kingfisher, as wilful defaulter.
Force India co-owner Vijay Mallya has rejected speculation about his Formula One team's finances, saying they will be racing for years to come.
The double finish in the season-opening Australian Grand Prix on Sunday ticked all the boxes barring aerodynamics and Force India is just a few refinements away from its maiden Formula One points, owner of the Silverstone-based outfit Vijay Mallya said. Mallya said reliability was his main concern coming into the 2009 session but the Australian Grand Prix dispelled all fears and aerodynamic development is all the VJM02 needed to break the duck.
Ten years after Kingfisher Airlines was grounded, its former employees continue to wait for their dues. On Monday, the Supreme Court awarded a four-month sentence to the grounded airline's flamboyant owner Vijay Mallya in a contempt case. The apex court also ordered him to deposit $40 million plus interest in four weeks to avoid attachment of his properties.
Senior lawyer M V Kini agrees to fight their case for free, given their financial condition
Force India co-owner Vijay Mallya has defended his decision of not having an Indian driver in his Formula One team.
Bajaj also said that bank officials, who give loan on the basis of the just brand of a company, were 'either corrupt or highly inefficient'
Force India will give Karun Chandhok an opportunity to prove his F1 mettle but team owner Vijay Mallya is bemused by the romanticism that the Chennai driver deserves a seat in the outfit just because he is an Indian.
Q&A with UB Group chairman Vijay Mallya on Diageo deal
Force India team owner Vijay Mallya believes his team can recover from the disastrous showing in 2008 and aim to regularly score points in the upcoming Formula One season.
United Breweries Ltd Chairman Vijay Mallya received over Rs 1.4 crore as commission and sitting fees during 2011-12 from the company.
While guarantees given by Mallya fell from Rs 6,156 crore (Rs 61.56 billion) in the previous year 2010-11, the guarantees provided by Kingfisher's holding and associate companies rose from Rs 8,863 crore (Rs 88.63 billion) to Rs 8,926 crore (Rs 89.26 billion) in this period.
United Bank's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion)
Vijay Mallya-owned Kingfisher Airlines, which plans to raise $400 million from private equity investors, may have to settle for structured finance such as sale and leaseback or securitisation of receivables, say private equity experts in Mumbai.
India has no Formula One driver and there will be no Grand Prix here next year but Force India co-owner Vijay Mallya believes he has unearthed the country's next driving talent in a Mumbai teenager.
With United Spirits all set to be acquired by Diageo, there aren't too many local spirits barons of significance and stature left.
Liquor baron Vijay Mallya has dropped plans to contest the coming Rajya Sabha elections from Maharastra and seek re-election only from Karnataka. Admitting that he had talks with Shiv Sena leader Uddhav Thackery on possibilities of his contesting from Maharashtra, the head of the Kingfisher Airlines said he did not get a good response as 'Sena is not fully in favour of non-Maharastrians'.
Embattled Force India team boss Vijay Mallya made his Indian Grand Prix entrance in combative mood on Saturday, lashing local media for their coverage of his business troubles and grounded Kingfisher airline.
Troubled businessman Vijay Mallya claimed that he paid mere US $100 to buy Barbados Tridents, a franchise in the Caribbean Premier T20 League.
The internal bickering of the Bangalore Royal Challengers is out in the open with team owner Vijay Mallya revealing that he was at loggerheads with captain Rahul Dravid and the outfit's sacked CEO Charu Sharma over players' selection for the Indian Premier League.
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